1. What We Do

MG-Microfinance

Abstract*

The Microfinance Project aims at providing increased financial services to the low-income population not served by the traditional banking sector. The first phase of the microfinance program will encourage the government to adopt a policy framework that is appropriate to microfinance institutions (MFIs) and to build the capacity of MFIs in increasing their outreach and sustainability, including their capacity to mobilize financial resources. There...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The stated objectives of the project are to increase financial services to low-income populations who do not have access to commercial bank finance by encouraging the government to adopt a policy framework that is appropriate for microfinance institutions (MFIs) and to build the capacity of MFIs, increasing their outreach and sustainability. This first phase of a 15-year Adaptable Program Loan (APL)microfinance program will support achievement of these objectives through the implementation of four components:1. Development of an appropriate legal/regulatory and supervisory framework for microfinance institutions;2. Establishment of MFIs and in particular savings and loan associations (SLAs) in four of Madagascar's six provinces (Antananarivo, Antsiranana, Fianarantsoa, and Toamasina). If studies confirm their viability, programs will be started in the two remaining provinces (Mahajanga and Toliary).3. Design and testing of a pilot national training program;4. Undertaking of studies related to microfinance to expand knowledge in the field.

Key Details

Project Details

  • P052186

  • Closed

  • Korotoumou Ouattara

  • N/A

  • Madagascar

  • January 23, 1998

  • (as of board presentation)

    May 20, 1999

  • October 28, 1999

  • US$ 16.40 million

  • C

  • January 15, 2013

  • December 31, 2010

  • BANK APPROVED

  • Notes

Sectors

Created with Highstock 5.0.14FY17 - Central Government(Central Agencies)FY17 - Central Government (Central Agencies)Micro- and SME finance

Themes

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 16.40

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 16.40
IBRD + IDA Commitment 16.40
Lending Instrument
Grant Amount N/A
Total Project Cost** 20.40

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
May 7, 2024 IDA-32170 Int Charges 2,164.43
Nov 3, 2023 IDA-32171 Int Charges 597.84
Nov 3, 2023 IDA-32171 Int Charges 597.84
Nov 3, 2023 IDA-32171 Loan Repay 38,197.39
Nov 1, 2023 IDA-32170 Loan Repay 180.55
Nov 1, 2023 IDA-32170 Int Charges 4.97
Nov 1, 2023 IDA-32170 Int Charges 4.97
Nov 1, 2023 IDA-32170 Int Charges 14,531.80
Nov 1, 2023 IDA-32170 Int Charges 14,531.80
Nov 3, 2023 IDA-32170 Int Charges 1,602.20
Nov 3, 2023 IDA-32170 Int Charges 1,602.20
Nov 3, 2023 IDA-32170 Loan Repay 121,431.10
Nov 1, 2023 IDA-32171 Int Charges 1.57
Nov 1, 2023 IDA-32171 Int Charges 1.57
Nov 1, 2023 IDA-32171 Loan Repay 149.19
Nov 1, 2023 IDA-32171 Int Charges 12,457.87
Nov 1, 2022 IDA-32171 Int Charges 2,433.75
Nov 3, 2022 IDA-32170 Loan Repay 10,082.97
Nov 1, 2022 IDA-32170 Loan Repay 5,272.26
Nov 1, 2022 IDA-32170 Loan Repay 103,480.18
Nov 1, 2022 IDA-32170 Int Charges 15,164.15
Nov 1, 2022 IDA-32170 Int Charges 15,164.15
Nov 1, 2022 IDA-32171 Loan Repay 1,961.21
May 1, 2023 IDA-32170 Loan Repay 1,788.64
May 3, 2023 IDA-32170 Loan Repay 109,583.05
May 3, 2023 IDA-32170 Int Charges 0.45
May 3, 2023 IDA-32170 Int Charges 0.45
May 3, 2023 IDA-32170 Int Charges 13,805.93
May 3, 2023 IDA-32170 Int Charges 13,805.93
May 1, 2023 IDA-32171 Int Charges -0.01
May 1, 2023 IDA-32171 Int Charges -0.01
May 1, 2023 IDA-32171 Loan Repay 728.27
May 3, 2023 IDA-32170 Loan Repay 13,481.22
May 1, 2023 IDA-32171 Loan Repay 0.01
May 3, 2023 IDA-32171 Loan Repay 12,111.23
May 3, 2023 IDA-32171 Loan Repay 26,529.26
May 3, 2023 IDA-32171 Int Charges 12,378.27
May 3, 2023 IDA-32171 Int Charges 12,378.27
Nov 3, 2022 IDA-32171 Int Charges 9,984.77
Nov 3, 2022 IDA-32171 Int Charges 9,984.77
Nov 1, 2022 IDA-32171 Loan Repay 35,541.56
Nov 1, 2022 IDA-32171 Int Charges 2,433.75
May 5, 2022 IDA-32171 Int Charges 11,291.40
May 5, 2022 IDA-32171 Int Charges 11,291.40
May 1, 2022 IDA-32171 Loan Repay 477.91
May 1, 2022 IDA-32171 Loan Repay 38,733.87
May 1, 2022 IDA-32171 Int Charges 1,949.19
May 1, 2022 IDA-32171 Int Charges 1,949.19
May 1, 2022 IDA-32170 Loan Repay 123,059.86
May 1, 2022 IDA-32170 Int Charges 5,960.34
May 1, 2022 IDA-32170 Int Charges 5,960.34
May 1, 2022 IDA-32170 Loan Repay 1,294.40
May 5, 2022 IDA-32170 Int Charges 10,367.21
May 5, 2022 IDA-32170 Int Charges 10,367.21
Nov 3, 2021 IDA-32171 Int Charges 13,620.40
May 1, 2021 IDA-32170 Int Charges 11.85
May 1, 2021 IDA-32170 Int Charges 11.85
May 1, 2021 IDA-32170 Int Charges 18,430.96
May 1, 2021 IDA-32170 Int Charges 18,430.96
May 1, 2021 IDA-32170 Loan Repay 114,331.40
May 1, 2021 IDA-32170 Loan Repay 87.14
May 1, 2021 IDA-32171 Int Charges 14,450.74
May 1, 2021 IDA-32171 Int Charges 14,450.74
May 1, 2021 IDA-32171 Loan Repay 99.72
May 4, 2021 IDA-32171 Loan Repay 14,361.10
May 4, 2021 IDA-32170 Loan Repay 18,364.91
May 1, 2021 IDA-32171 Loan Repay 27,384.34
May 1, 2021 IDA-32171 Int Charges 2.83
May 1, 2021 IDA-32171 Int Charges 2.83
Nov 1, 2021 IDA-32170 Loan Repay 130,379.25
Nov 1, 2021 IDA-32171 Int Charges 430.74
Nov 1, 2021 IDA-32171 Loan Repay 41,082.74
Nov 1, 2021 IDA-32171 Int Charges 0.89
Nov 1, 2021 IDA-32171 Int Charges 0.89
Nov 1, 2021 IDA-32171 Int Charges 430.74
Nov 1, 2021 IDA-32171 Loan Repay 69.36
Nov 1, 2021 IDA-32170 Loan Repay 128.43
Nov 1, 2021 IDA-32170 Int Charges 1,276.20
May 1, 2014 IDA-32170 Int Charges 24,164.62
May 1, 2014 IDA-32170 Int Charges 1,043.97
May 1, 2014 IDA-32170 Int Charges 1,043.97
Nov 1, 2013 IDA-32170 Loan Repay 70,847.14
Nov 1, 2013 IDA-32171 Int Charges 16,573.76
Nov 1, 2013 IDA-32171 Int Charges 16,573.76
Nov 1, 2013 IDA-32170 Int Charges 23,412.49
Nov 1, 2013 IDA-32170 Int Charges 23,412.49
Nov 1, 2013 IDA-32171 Int Charges 83.96
Nov 1, 2013 IDA-32171 Int Charges 83.96
Nov 1, 2013 IDA-32170 Int Charges 478.89
Nov 1, 2013 IDA-32170 Int Charges 478.89
Nov 1, 2014 IDA-32170 Int Charges 329.52
Nov 1, 2014 IDA-32170 Int Charges 329.52
Nov 1, 2014 IDA-32171 Int Charges 16,170.51
Nov 1, 2014 IDA-32171 Int Charges 16,170.51
Nov 1, 2014 IDA-32170 Loan Repay 68,376.34
Nov 1, 2014 IDA-32170 Int Charges 23,077.03
Nov 1, 2014 IDA-32170 Int Charges 23,077.03
Nov 1, 2014 IDA-32171 Int Charges 58.10
Nov 1, 2014 IDA-32171 Int Charges 58.10
May 20, 1999 IDA-32170 Loan Commitment 6,695,765.50
Apr 10, 2007 IDA-32171 Loan Commitment 5,000,000.00
May 20, 1999 IDA-3217A Loan Commitment 9,704,235.00
Nov 1, 2023 IDA-32171 Int Charges 12,457.87
May 7, 2024 IDA-32170 Int Charges 12,045.16
May 7, 2024 IDA-32170 Int Charges 12,045.16
May 7, 2024 IDA-32170 Loan Repay 120,552.03
May 7, 2024 IDA-32171 Int Charges 12,430.10
May 7, 2024 IDA-32171 Int Charges 12,430.10
May 1, 2024 IDA-32170 Loan Repay 1,672.66
May 1, 2024 IDA-32171 Loan Repay 654.75
May 7, 2024 IDA-32171 Loan Repay 11,826.63
May 7, 2024 IDA-32171 Loan Repay 26,058.26
May 7, 2024 IDA-32171 Int Charges 1.60
May 7, 2024 IDA-32171 Int Charges 1.60
May 7, 2024 IDA-32170 Int Charges 5.09
May 7, 2024 IDA-32170 Int Charges 5.09
May 7, 2024 IDA-32170 Int Charges 2,164.43
Nov 1, 2021 IDA-32170 Int Charges 1,276.20
Nov 1, 2021 IDA-32170 Int Charges 1.13
Nov 1, 2021 IDA-32170 Int Charges 1.13
Nov 3, 2021 IDA-32171 Int Charges 13,620.40
Nov 3, 2021 IDA-32170 Int Charges 16,351.96
Nov 3, 2021 IDA-32170 Int Charges 16,351.96
May 5, 2020 IDA-32171 Loan Repay 39,655.38
May 5, 2020 IDA-32171 Int Charges 401.71
May 5, 2020 IDA-32171 Int Charges 401.71
Nov 6, 2020 IDA-32171 Int Charges 14,488.99
Nov 6, 2020 IDA-32171 Int Charges 14,488.99
Nov 1, 2020 IDA-32171 Loan Repay 379.51
Nov 6, 2020 IDA-32171 Loan Repay 26,930.94
Nov 6, 2020 IDA-32171 Int Charges 3.48
Nov 6, 2020 IDA-32171 Int Charges 3.48
Nov 1, 2020 IDA-32170 Loan Repay 1,063.83
Nov 1, 2020 IDA-32170 Loan Repay 17,711.75
Nov 6, 2020 IDA-32170 Loan Repay 112,811.48
Nov 6, 2020 IDA-32170 Int Charges 10.57
Nov 6, 2020 IDA-32170 Int Charges 10.57
Nov 6, 2020 IDA-32170 Int Charges 18,775.17
Nov 6, 2020 IDA-32170 Int Charges 18,775.17
Nov 1, 2020 IDA-32171 Loan Repay 14,105.14
May 4, 2020 IDA-32171 Loan Repay 98.60
May 4, 2020 IDA-32171 Int Charges 2.16
May 4, 2020 IDA-32171 Int Charges 2.16
May 4, 2020 IDA-32171 Int Charges 14,046.78
May 4, 2020 IDA-32171 Int Charges 14,046.78
May 5, 2020 IDA-32170 Loan Repay 107,524.06
May 5, 2020 IDA-32170 Int Charges 8.94
May 5, 2020 IDA-32170 Int Charges 8.94
May 5, 2020 IDA-32170 Int Charges 18,438.21
May 5, 2020 IDA-32170 Int Charges 18,438.21
May 4, 2020 IDA-32170 Int Charges 1,056.39
May 4, 2020 IDA-32170 Int Charges 1,056.39
May 4, 2020 IDA-32170 Loan Repay 18,593.44
Nov 5, 2019 IDA-32170 Int Charges 18,056.63
Nov 1, 2019 IDA-32171 Loan Repay 350.37
Nov 1, 2019 IDA-32171 Loan Repay 13,869.41
Nov 5, 2019 IDA-32171 Loan Repay 25,997.88
Nov 5, 2019 IDA-32171 Int Charges 0.83
Nov 5, 2019 IDA-32171 Int Charges 0.83
Nov 5, 2019 IDA-32171 Int Charges 13,914.29
Nov 5, 2019 IDA-32171 Int Charges 13,914.29
May 1, 2019 IDA-32171 Loan Repay 606.68
May 2, 2019 IDA-32171 Loan Repay 39,811.46
May 6, 2019 IDA-32170 Int Charges 18,136.41
May 6, 2019 IDA-32170 Int Charges 18,136.41
May 6, 2019 IDA-32171 Int Charges 13,686.16
May 6, 2019 IDA-32171 Int Charges 13,686.16
Nov 1, 2019 IDA-32170 Loan Repay 532.58
Nov 1, 2019 IDA-32170 Loan Repay 18,455.41
Nov 5, 2019 IDA-32170 Loan Repay 108,520.14
Nov 5, 2019 IDA-32170 Int Charges 1.31
Nov 5, 2019 IDA-32170 Int Charges 1.31
Nov 5, 2019 IDA-32170 Int Charges 18,056.63
May 2, 2019 IDA-32171 Int Charges 864.02
May 2, 2019 IDA-32171 Int Charges 864.02
May 1, 2019 IDA-32170 Loan Repay 922.31
May 2, 2019 IDA-32170 Loan Repay 63,167.66
May 2, 2019 IDA-32170 Int Charges 1,330.43
May 2, 2019 IDA-32170 Int Charges 1,330.43
May 1, 2018 IDA-32170 Loan Repay 1,002.92
May 1, 2018 IDA-32170 Loan Repay 19,786.14
May 1, 2018 IDA-32171 Loan Repay 659.54
May 1, 2018 IDA-32171 Loan Repay 14,819.66
Nov 1, 2018 IDA-32170 Int Charges 18,123.53
Nov 1, 2018 IDA-32170 Int Charges 18,123.53
Nov 1, 2018 IDA-32171 Int Charges 3.73
Nov 1, 2018 IDA-32171 Int Charges 3.73
Nov 1, 2018 IDA-32171 Int Charges 14,707.25
Nov 1, 2018 IDA-32171 Int Charges 14,707.25
Nov 1, 2018 IDA-32171 Loan Repay 577.26
Nov 1, 2018 IDA-32171 Loan Repay 14,295.57
Nov 1, 2018 IDA-32171 Loan Repay 25,559.38
Nov 1, 2018 IDA-32170 Int Charges 6.42
Nov 1, 2018 IDA-32170 Int Charges 6.42
Nov 1, 2018 IDA-32170 Int Charges 1,591.04
Nov 1, 2018 IDA-32170 Int Charges 1,591.04
Nov 1, 2018 IDA-32170 Loan Repay 892.12
Nov 1, 2018 IDA-32170 Loan Repay 63,220.21
May 8, 2018 IDA-32171 Int Charges 15,297.83
May 8, 2018 IDA-32171 Int Charges 15,297.83
May 8, 2018 IDA-32170 Int Charges 6.88
May 8, 2018 IDA-32170 Int Charges 6.88
May 8, 2018 IDA-32170 Int Charges 20,544.44
May 8, 2018 IDA-32170 Int Charges 20,544.44
May 8, 2018 IDA-32171 Loan Repay 26,228.83
May 8, 2018 IDA-32171 Int Charges 4.34
May 8, 2018 IDA-32171 Int Charges 4.34
May 8, 2018 IDA-32170 Loan Repay 45,326.56
Nov 6, 2017 IDA-32170 Int Charges 1,307.00
Nov 6, 2017 IDA-32170 Int Charges 1,307.00
Nov 6, 2017 IDA-32170 Loan Repay 64,805.65
Nov 6, 2017 IDA-32170 Int Charges 1.33
Nov 6, 2017 IDA-32170 Int Charges 1.33
Nov 6, 2017 IDA-32170 Int Charges 20,413.76
Nov 6, 2017 IDA-32170 Int Charges 20,413.76
Nov 6, 2017 IDA-32171 Int Charges 859.31
Nov 6, 2017 IDA-32171 Int Charges 859.31
Nov 6, 2017 IDA-32171 Loan Repay 40,869.45
Nov 6, 2017 IDA-32171 Int Charges 0.85
Nov 6, 2017 IDA-32171 Int Charges 0.85
Nov 6, 2017 IDA-32171 Int Charges 15,172.81
Nov 6, 2017 IDA-32171 Int Charges 15,172.81
May 2, 2017 IDA-32170 Loan Repay 62,437.08
May 2, 2017 IDA-32170 Int Charges 18,911.61
May 2, 2017 IDA-32170 Int Charges 18,911.61
May 1, 2017 IDA-32171 Loan Repay 161.10
May 2, 2017 IDA-32171 Loan Repay 39,782.82
May 2, 2017 IDA-32171 Int Charges 14,139.14
May 2, 2017 IDA-32171 Int Charges 14,139.14
May 1, 2017 IDA-32170 Loan Repay 901.01
May 2, 2017 IDA-32170 Int Charges 7.92
May 2, 2017 IDA-32170 Int Charges 7.92
Nov 7, 2016 IDA-32171 Int Charges 15,106.42
Nov 7, 2016 IDA-32171 Int Charges 15,106.42
Nov 7, 2016 IDA-32170 Int Charges 2,108.03
Nov 7, 2016 IDA-32170 Int Charges 2,108.03
Nov 7, 2016 IDA-32170 Int Charges 6.59
Nov 7, 2016 IDA-32170 Int Charges 20,600.32
Nov 7, 2016 IDA-32170 Int Charges 20,600.32
Nov 7, 2016 IDA-32171 Int Charges 375.91
Nov 7, 2016 IDA-32171 Int Charges 375.91
Nov 7, 2016 IDA-32170 Int Charges 6.59
Nov 7, 2016 IDA-32170 Loan Repay 63,876.90
May 6, 2016 IDA-32170 Int Charges 19,224.74
May 6, 2016 IDA-32170 Int Charges 19,224.74
May 6, 2016 IDA-32171 Int Charges 14,997.91
May 6, 2016 IDA-32171 Int Charges 14,997.91
May 6, 2016 IDA-32170 Loan Repay 64,881.62
Nov 1, 2015 IDA-32171 Int Charges 15,278.17
May 1, 2016 IDA-32170 Loan Repay 676.07
May 1, 2016 IDA-32171 Int Charges 120.20
May 1, 2016 IDA-32171 Int Charges 120.20
Nov 1, 2015 IDA-32170 Loan Repay 7.40
Nov 1, 2015 IDA-32170 Loan Repay 64,601.21
Nov 1, 2015 IDA-32170 Int Charges 21,320.82
Nov 1, 2015 IDA-32170 Int Charges 21,320.82
Nov 1, 2015 IDA-32171 Int Charges 1.30
Nov 1, 2015 IDA-32171 Int Charges 1.30
Nov 1, 2015 IDA-32171 Int Charges 15,278.17
May 1, 2015 IDA-32171 Int Charges 14,953.58
May 1, 2015 IDA-32170 Loan Repay 2,486.52
May 1, 2015 IDA-32170 Loan Repay 62,603.12
May 1, 2015 IDA-32170 Int Charges 21,723.66
May 1, 2015 IDA-32170 Int Charges 21,723.66
May 1, 2015 IDA-32171 Int Charges 439.65
May 1, 2015 IDA-32171 Int Charges 439.65
May 1, 2015 IDA-32171 Int Charges 14,953.58
May 1, 2014 IDA-32171 Int Charges 183.57
May 1, 2014 IDA-32171 Int Charges 183.57
May 1, 2014 IDA-32171 Int Charges 16,925.37
May 1, 2014 IDA-32171 Int Charges 16,925.37
May 1, 2014 IDA-32170 Loan Repay 71,826.31
May 1, 2014 IDA-32170 Int Charges 24,164.62
Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Moderately Satisfactory 2011-03-27
Procurement Moderately Satisfactory 2011-03-27
Financial Management Moderately Satisfactory 2011-03-27
Project Management Moderately Unsatisfactory 2011-03-27
Monitoring and Evaluation Moderately Satisfactory 2011-03-27
Overall Implementation Progress (IP) Moderately Satisfactory 2011-03-27
Counterpart Funding Satisfactory 2011-03-27

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 09-30-2011
OutcomesModerately Satisfactory
Risk to Development OutcomeModest
Bank PerformanceModerately Satisfactory
Borrower PerformanceModerately Unsatisfactory
Government PerformanceModerately Unsatisfactory
Implementing AgencyUnsatisfactory

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 04-05-2012PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeModerateN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceModerately UnsatisfactoryN/a
Government PerformanceModerately UnsatisfactoryN/a
Implementing AgencyModerately UnsatisfactoryN/a
Icr QualitySatisfactoryN/a
M&e QualityModestN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Increased productivity and improved standards of living of MFI clientsValueVery poor households with low productivityimpact study on positive effect of microfinance oImpact studies to confirm improved standard of liv
    DateMay 20, 1999June 30, 2010December 31, 2010
    Comment
  • Appropriate supervisory methodologies for MFIs establishedValueNo method for supervision of MFIs existsA well organized supervision system for MFIs has sAll licensed MFIs are adequately supervised by the
    DateMay 20, 1999June 30, 2010December 30, 2010
    CommentNo adequate institutional framework for supervision of different types of MFIs.The results have been achieved. An MFI unit has been created in the Central Bank of Madagascar as part of institutionalstrengthening for the MF sector and improvement of supervision of MFIs.
  • Enabling legal and regulatory environment for doing microfinance business in Madagascar existsValueSeveral legal impediments exist for MFIs operatingThe program has successfully supported the GovernmMicrofinance law is effective and regulations that
    DateMay 20, 1999June 30, 2010December 31, 2010
    CommentResults have been achieved.
  • Increased access to financial services by low-income populationsValue47 SLAs/MFIs exist and reach 30,000 clientsThe five MFI Networks supported by the program areExisting Five SLA/MFI Networks are viable and able
    DateMay 20, 1999June 30, 2010December 31, 2010
    CommentResults have been achieved and exceeded targets.
  • Greater efficiency in judicial system for microfinance InstitutionsValueThere is a Usury law which applied to microfinanceLegal text on collateral requirements in microfina- Liberalization of interest rates in microfinanc
    DateMay 20, 1999June 30, 2010December 31, 2010
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Financial Self-SufficiencyValue55.00103.00100.00
    DateJune 30, 2006June 30, 2010December 31, 2010
    CommentTarget met on average. However not all MFI networks are financially self-sufficient.
  • Portfolio at Risk - MicrofinanceValue0.008.905.00
    DateJune 30, 2010December 31, 2010
    CommentThe portfolio at risk is 8.9% down from 13% recorded in Dec 2009. Political crisis affected loan recoveries by MFIs. Specialrecovery policies and campaigns have been initiated by MFIs with objective being to improve their portfolio quality. These measuresare expected to lower this risk ratio and improve performance of MFIs.
  • Volume of Bank Support: Institutional Development - MicrofinanceValue5118886.196730139.393898375.00
    DateMay 20, 1999November 30, 2010December 31, 2010
    CommentThere was additional financing for this project which increased funds available to spend.Target met and exceeded. There was additional financing to the program which increased amounts originally allocated under eachcomponent. Right after the political crisis, project staff intensified supervision and direct technical support to MFIs withspecial focus on financial management which facilitated increased disbursements. Data gathered from retrofit exercise. (1 SDR =$1.564)
  • Volume of Bank Support: Enabling Environment - MicrofinanceValue0.00483567.77698704.00
    DateMay 20, 1999November 30, 2010December 31, 2010
    CommentTarget not met mainly due to the halt on expenditure but project results were completed satisfactorily.
  • Outstanding Microfinance Loan PortfolioValue8058379.0020478119.5023000000.00
    DateJune 30, 2006June 30, 2010December 31, 2010
    CommentValue of loan portfolio has consistently been on the increase except for this trimester mainly due to the cyclic effects of thepolitical crisis. MFIs have prudently decided to slow down loan underwriting and increase collections and savings. The result isslightly under target but with strict collection policies being implemented, it is expected to resume lending again in 2011.
  • No of active loan accounts -MicrofinanceValue29475.0048412.0070212.00
    DateJune 30, 2006June 30, 2010December 31, 2010
    CommentNumber of active loan accounts decreased from 54820 recorded in December 2009 as MFIs tightened lending as the political andeconomic crisis saw a deterioration of quality of loan portfolio.
  • Active Loan Accounts for WomenValue0.0024690.004505.00
    DateJune 30, 2010December 31, 2010
    CommentNo baseline indicators were provided.The target on this indicator has been exceeded as women make up more than the 50% of MFI membership that was originally planned.Inaddition there are 17412 group loans given to women groups.
  • Percentage of project-supported institutions that are reporting on this indicatorValue47.00241.00225.00
    DateJune 30, 2006June 30, 2010December 31, 2010
    Comment
  • Percentage of project-supported institutions that are reporting on this indicatorValue47.00241.00225.00
    DateJune 30, 2006June 30, 2010December 31, 2010
    Comment
  • Prudential and operating rules are issued for all mutualist and non-mutualist MFIsValueExisting prudential rules that fit commercial bankPrudential regulations have been issued for licensAppropriate laws and regulations passed and imple
    DateMay 20, 1999June 30, 2010December 31, 2010
    CommentResults have been achieved.
  • Two existing SLAs (Fianarantsoa and Toamasina) are strengthened and two new SLA networks are created in Tana and Antsiranana and perform wellValue47 SLAs exist in Fianarantsoa and Toamasina and ha241 SLAs/MFI branches are in operation in five re225 SLAs reach about 300,000 (50% women; 25% from
    DateMay 20, 1999June 30, 2010December 31, 2010
    CommentResults have been achieved and targets exceeded in some cases.
  • Build capacity in MicrofinanceValueOnly few Malagasy have had formal training and canThis intermediate indicator had a target to deliveTraining program delivers specially designed and a
    DateMay 20, 1999June 30, 2010December 31, 2010
    CommentResults have been achieved.